Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Ministry of Local Government Approves Masterplan for the First Palestinian Planned City

2009-12-09
Ramallah, December 8, 2009 — Bayti Real Estate Investment Company, the developer of Rawabi, announced that Dr. Khaled Fahd Al Qawasmi, Minister of Local Government of the Palestinian Authority (PA), has approved Rawabi’s Masterplan in an unprecedented and definitive move to clear the way for construction to begin on the first new Palestinian city in recent history. The official Ministry approval was preceded by the approval of the Palestinian Higher Planning Council. Bayti is jointly owned by Qatar government-owned Qatari Diar Real Estate Investment Company and Ramallah-based Massar International. Experts form Qatari Diar have been working closely with their Palestinian counterparts to finalize preparations to launch construction of more than 5 thousand housing units and the Rawabi city center 9 kilometers north of Ramallah. Qatari Diar CEO, Mr. Ghanem Bin Saad al Saad, reiterated his company’s commitment to ensure that the Rawabi project develops as planned and comes to fruition in a timely manner, emphasizing the need to improve quality of life of the Palestinian people. The Rawabi team considers the Ministry of Local Government’s timely approval of the Masterplan to reflect the mutual commitment to the Public-Private Partnership agreement signed by Bayti and the PA, in which the PA pledged support for the city throughout the project phases.Palestinian Minister of Economy, Dr. Hassan Abu Libdeh, stressed the importance of an expedited project timeline in order materialize plans for the new city into reality. He also underscored the significance of the Rawabi project in terms of job creation for Palestinians, noting that the project will result in the creation of thousands of jobs, both temporary and permanent, and will help alleviate the housing shortage crisis with the construction of a sizeable number of affordable housing units. He also reiterated the mandate of Palestinian President Mahmoud Abbas and Prime Minister Dr. Salam Fayyad to support private sector projects that improve the Palestinian economy.  Bayti Managing Director, Mr. Bashar Masri, confirmed the company’s intention to launch construction within a few weeks and that contracts are currently being awarded to a number of Palestinian contractors. The Rawabi Masterplan is the result of months of intensive collaborative efforts on the part of the project partners. Bayti’s in-house technical team, with the support of experts from Qatari Diar, engaged and oversaw the planners, architects, and engineers from the well-known international firm AECOM, along with Palestinian experts from An-Najah and Birzeit universities. The Masterplan integrates exemplary planning and design principles, sustainable environmental practices, appropriate architectural features, creative use of public and green spaces, and ease of access considerations

 

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013